CF Bankshares (CFBK) director receives 5,500 restricted shares

Rhea-AI Filing Summary

HOEWELER ROBERT E reported acquisition or exercise transactions in this Form 4 filing.

CF Bankshares Inc. director Robert E. Hoeweler reported an equity award of 5,500 shares of common stock. The shares represent restricted stock granted under the Central Federal Corporation 2019 Equity Incentive Plan and will vest over a three-year period. Following this grant, Hoeweler directly holds 77,562 common shares, reflecting compensation in stock rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HOEWELER ROBERT E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock 12520L 109	5,500	$0.00	--

Holdings After Transaction: Common Stock 12520L 109 — 77,562 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HOEWELER ROBERT E

(Last) (First) (Middle)

4960 E. DUBLIN GRANVILLE RD

SUITE #400

(Street)

COLUMBUS OH 43081

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CF BANKSHARES INC. [ CFBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock 12520L 109(1)	02/23/2026		A		5,500	A	$0.00	77,562	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock underlying restricted stock awards granted under the Central Federal Corporation 2019 Equity Incentive Plan, which are subject to vesting over a three-year period.

	Timothy T. O'Dell for Robert E. Hoeweler	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did CFBK director Robert E. Hoeweler report?

Robert E. Hoeweler reported receiving an equity award of 5,500 common shares. The award is structured as restricted stock, serving as compensation rather than an open-market share purchase, and is tied to a multi‑year vesting schedule under the company’s equity incentive plan.

Was the CFBK insider transaction an open-market stock purchase or a grant?

The CFBK insider transaction was a grant of restricted stock, not an open-market purchase. The Form 4 shows a code A transaction, described as a grant, award, or other acquisition with a zero dollar per-share price, indicating compensation-based equity issuance.

How many CF Bankshares (CFBK) shares does the director hold after this grant?

After the grant, the director holds 77,562 common shares directly. This total includes the newly awarded 5,500 restricted shares, which are subject to future vesting conditions, and reflects his updated direct ownership reported in the Form 4 filing.

What are the vesting terms for the 5,500 restricted CFBK shares?

The 5,500 restricted shares vest over a three-year period. They were granted under the Central Federal Corporation 2019 Equity Incentive Plan, meaning the director earns full ownership gradually, conditioned on service or other plan requirements during that timeframe.

Which equity plan governed the CF Bankshares restricted stock award?

The award was granted under the Central Federal Corporation 2019 Equity Incentive Plan. This plan authorizes the company to issue restricted stock and other equity-based compensation to align director and employee incentives with long-term shareholder interests over specified vesting periods.